A Configurable Momentum Indicator with CCI and RSI Options
Summary
The document describes an adapted MetaTrader 4 indicator based on earlier Momentum indicator code. It adds configurable alerts through the terminal, email, and push notifications, with separate controls for each alert channel. It also broadens the indicator choice through a selection input that allows Momentum, CCI, or RSI, and provides settings for the chosen indicator’s name, period, level, and applied price where relevant.
This is a brief feature description rather than a trading method or evaluation. It does not define how indicator readings generate entries or exits, provide parameter values, show charts, or report tests or trading results. The author advises combining the indicator with other fundamental and technical analysis, so the listed features should be treated as monitoring and configuration options rather than evidence of a standalone signal’s usefulness.
Key ideas
- The indicator can be configured to use Momentum, CCI, or RSI.
- Inputs include an indicator period and level, with applied-price selection for the listed oscillators.
- Terminal, email, and push alerts can each be enabled or disabled.
- The document gives no signal rules or performance evidence and recommends using other analysis alongside the indicator.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.